Containerboard production was up 5.1 percent compared to October 2016. The month-over-month average daily production compared to September 2017 was 3.1 percent higher. The containerboard operating rate for October increased from 95.9 percent to 101.3 percent, which was 6 percentage points higher than October of last year. Year-to-date production of containerboard for export is up 3.5 percent, with the October volume surging 16.2 percent above the same month last year.
http://afandpa.org/media/news/2017/11/15/american-forest-paper-association-releases-october-2017-containerboard-report
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In 2017, PMMI awarded over $140,000 in scholarships to support the development of a skilled workforce capable of moving the packaging and processing industry forward.
Each year through the PMMI Foundation, PMMI, The Association for Packaging and Processing Technologies, provides scholarships to students studying packaging, food processing, engineering and mechatronics at PMMI Partner Schools throughout the United States and Canada.
“As an industry leader, PMMI knows the importance of developing a workforce to advancing the packaging and processing industry,” says Jim Pittas, president, and CEO, PMMI. “We are committed to the future of this industry and want to spread the message that the packaging and processing industry is a great place for students to start a career.”
The polyethylene terephthalate (PET) is facing new challenges following damages at feedstock monoethylene glycol (MEG) plants. The damages resulted in a force majeure declaration by three MEG producers, which in turn led to a force majeure declaration by a PET producer. Asia is being considered as a possible supplier of MEG until domestic plants resume operations. Local sources are hopeful that water and power at the affected plants in Louisiana may be restored in early October, but believe that the impact on PET availability will be significant. This has tightened supply as demand has remained robust. Although resin imports from Latin American may offset part of the shortage, many believe that pellets prices are likely to increase. Inquiries to Asian PET suppliers have shown an increase as prices in the region are low at $650-680/tonne FOB, but delivery would take weeks.
CANPACK S.A., part of the CANPACK Group, and a global leading manufacturer of sustainable packaging announced it will increase its manufacturing capacity of aluminum beverage cans with a new production facility in Poços de Caldas, in the State of Minas Gerais, Brazil. Officials from CANPACK along with state and local officials and economic development leaders jointly announced the new facility following the approval of the project earlier today, with economic development incentives provided by both the state and local governments. With a total investment of approximately BRL 710 million (USD 140 million), this new facility represents CANPACK’s continued commitment to developing the Brazilian packaging sector. The announcement of this new plant takes place only a few months after the company committed to investing BRL 360 million (USD 70 million) in an aluminum beverage can ends production facility in Manaus (Amazonas). The total value of both investments exceeds BRL 1 billion.